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KFC | 13+yrs Remain Corp Abs NNN 4659 FL-46 2,320 SF Retail Building Sanford, FL 32771 $4,536,740 CAD ($1,955.49 CAD/SF) 4% Cap Rate
INVESTMENT HIGHLIGHTS
- 13+ Years Remaining | Options To Extend | Corporate Signature |Scheduled 10% Rental Increases | 2023 Construction
- Signalized, Hard-Corner Location | Prime Retail Node
- Absolute NNN Ground Lease | Zero Landlord Responsibilities
- Dense Trade Area | Affluent Demographics
EXECUTIVE SUMMARY
• The tenant, KFC Corporation, has over 13 years remaining on the lease with five (5) additional 5-year renewal options, providing long-term income security
• The lease features scheduled 10% rental increases every five years throughout the primary term and at the beginning of each option period, driving NOI growth and providing a built-in hedge against inflation
• KFC Corporation is a wholly owned subsidiary of Yum! Brands, Inc. (NYSE: YUM), one of the largest and most financially secure restaurant operators in the U.S., generating $7.55 billion in 2024 revenue
• Constructed in 2023, the property features high-quality materials and modern finishes throughout
• The lease features scheduled 10% rental increases every five years throughout the primary term and at the beginning of each option period, driving NOI growth and providing a built-in hedge against inflation
• KFC Corporation is a wholly owned subsidiary of Yum! Brands, Inc. (NYSE: YUM), one of the largest and most financially secure restaurant operators in the U.S., generating $7.55 billion in 2024 revenue
• Constructed in 2023, the property features high-quality materials and modern finishes throughout
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,320 SF
Building Class
B
Year Built
2023
Price
$4,536,740 CAD
Price Per SF
$1,955.49 CAD
Cap Rate
4%
NOI
$181,470 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.99 AC
Zoning
PD - Planned Development
Parking
14 Spaces (6.03 Spaces per 1,000 SF Leased)
Frontage
208’ on Florida 46
AMENITIES
- Corner Lot
- Freeway Visibility
- Restaurant
- Signage
- Signalized Intersection
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
KFC, a subsidiary of Yum! Brands, Inc. (NYSE: YUM.), is a global chicken restaurant brand with a rich, decades-long history of success and innovation. It all started with one cook, Colonel Harland Sanders, who created a finger lickin’ good recipe decades years ago, a list of secret herbs and spices scratched out on the back of the door to his kitchen. Today they still follow his formula for success, with real cooks breading and freshly preparing their delicious chicken by hand in tens of thousands of restaurants around the world.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
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KFC | 13+yrs Remain Corp Abs NNN | 4659 FL-46
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